McKinsey Report Outlines Common Elements of Innovative Programs to Close the Skills Gap

The McKinsey Center for Government surveyed 8,000 individuals â€“ from employers to educational institutions to students â€“ to answer one question: how can we close the skills gap? Their results include an examination of more than 100 innovative programs and suggest many strategies already implemented through Career Technical Education (CTE).

The McKinsey Global Institute estimates that by 2020 there will be a global shortfall of 85 million high- and middle-skilled workers. Nearly 40 percent of employers find that applicants lack the skills needed for entry-level jobs. And while 72 percent of education providers reported that graduates are ready to enter the job market, only 42 percent of employers and 45 percent of youth agreed. On top of this disconnect, the authors indicate that there is no comprehensive data on skills required for employment or on the performance of specific education providers in building those skills.

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